Psyence Biomedical Ltd [PBM] moved down -6.85: Why It’s Important

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Psyence Biomedical Ltd [NASDAQ: PBM] price plunged by -6.85 percent to reach at -$0.37.

A sum of 36970680 shares traded at recent session while its average daily volume was at 123.11K shares. Psyence Biomedical Ltd shares reached a high of $9.5 and dropped to a low of $4.8 until finishing in the latest session at $5.03.

PBM Stock Performance Analysis:

Psyence Biomedical Ltd [PBM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -49.65. With this latest performance, PBM shares dropped by -5.81% in over the last four-week period, additionally sinking by -61.52% over the last 6 months – not to mention a drop of -70.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PBM stock in for the last two-week period is set at 44.09, with the RSI for the last a single of trading hit 1.96, and the three-weeks RSI is set at 1.32 for Psyence Biomedical Ltd [PBM]. The present Moving Average for the last 50 days of trading for this stock 5.48, while it was recorded at 7.62 for the last single week of trading, and 15.03 for the last 200 days.

Psyence Biomedical Ltd (PBM) Capital Structure & Debt Analysis

Psyence Biomedical Ltd (PBM) Efficiency & Liquidity Metrics

Psyence Biomedical Ltd (PBM) Efficiency & Liquidity Metrics

Psyence Biomedical Ltd [PBM] Institutonal Ownership Details

There are presently around $49.69%, or 49.93%% of PBM stock, in the hands of institutional investors. The top three institutional holders of PBM stocks are: ADVISORSHARES INVESTMENTS LLC with ownership of 0.46 million shares, which is approximately 23.9034%. CANTOR FITZGERALD, L. P., holding 0.34 million shares of the stock with an approximate value of $$0.1 million in PBM stocks shares; and CANTOR FITZGERALD, L. P., currently with $$6866.0 in PBM stock with ownership which is approximately 1.1814%.

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